The Financial Times is reporting that China is planning to break up Ant's Alipay and force it to create a separate app for its highly profitable loans business, in the most dramatic restructuring proposed to date of Jack Ma’s Ant Group. The plan will ...

Credit growth in China staged a powerful rebound in August, with Total Social Financing nearly tripling from 1.06 trillion yuan in July to 2.96 trillion yuan in August. New bank loans to the real economy in China grew from 1.08 trillion yuan in July t...

Hong Kong stocks have fallen by the most in six weeks after China urged companies in the gaming sector to end their focus on profits and amid reports that Beijing has halted approvals for new games. Closely watched investor Cathie Wood, the chief exec...

An editorial in China’s People’s Daily said the regulation of private education, data security and the platform economy is “not targeted at specific industries or businesses.” It said new regulations were aimed at establishing a “new development struc...

China’s trade unexpectedly surged last month despite the spread of the Delta variant. China's exports, in US dollar terms, rose 25.6% y/y in August from 19.3% in July and compared to economists’ forecasts of 17.1%. By value, exports hit a record high ...

Chinese Vice Premier Liu He yesterday tried to calm concerned business leaders and rattled international investors over the ongoing regulatory crackdown. He said, “the principles and policies for supporting the development of the private economy have ...

Job growth in the USA was much lower than expected last month because of the impact of the Delta variant. The US economy added just 235,000 jobs in August, the smallest in seven months, compared to economists’ forecasts of an increase in payrolls of 7...

Chinese regulators including the transport ministry yesterday summoned 11 ride-hailing firms to a meeting, including Didi, T3 and Meituan. They have accused the companies of "disorderly expansion" and "vicious competition" tactics and require them to ...

PMI readings from across Asia show Southeast Asian economies struggling to contain the impact of the Delta variant of Covid-19 whilst North Asian economies are still expanding. The manufacturing gauges for Indonesia, Vietnam, Thailand, Philippines and...

Official economic data from China show that activity in the mainland services sector has unexpectedly fallen into contraction. The National Bureau of Statistics said the non-manufacturing PMI for August fell to 47.5 from 53.3 in July, the second lowes...